Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-11-17
THE TWELFTH BUILDING Ass0.
CATION.
a sats Growing Sus - she Allegsd nr.
rogulariejes % fss Secretary.

NHAI1ON-
a Sais 0rsWtag sus "a she Alleesa Ir.
rsgularieies % iss Secretary.
Ths smbarr,sssd and Involved coodit,ou ofths
a6aars q the Twelfth Building Associative Of
oscrgstcwn. produced By the alleged wrongful
conduct o. IN former secretary and the neglect q
outy on the part Of some OF Its former ofnceS -
set forth In bin OF complaint In court nled By
Frank !. Browning. a. solicitor for Daniel No
Laughiin. one Of Its members, against the remain
ing members q the association.
The complainant sets forth that owing TO the de-
mogali1afaon Of its affAin II has become impossa-
bic TO continue the business OF the association,
and that the members short time ago resolved
to invoke tie aid Of the Equity Court In winding &c
up, through the appointment OF a receiver 60 coll
lect It's lawful demands 70 convert its assets into
money, and 70 pay Oh Just claims against it. The
was organized July 1877, elected ofcers, and be-
gan 70 do business sc ording TO certain articles q
aSreement called constitution.
that In the month OF November 1856. grues fr-
regulanttes were discovered In the personal &C
count Of the secretary, Ferdinand King and In his
account Is trustee for John w. Lumsden. which
consisted In the improper and fraudulent obtain
ment st various times by SAID King from the treas
ury OF large sums OF money, and the conversion OF
ceilations and redempuons OF STOCK. and advances
upon the same; that this was done without the
knowledge or authority OF the board OF directors,
not been paid and was largely In arrears; that
for the said advances the association
has no security, and that the said
King Is tnsolvent, and the aggregate of bis In
debtedness 70 the association In the above &C
counts Is g. 74Qe0. That In the transaction Of the
business OF the association a book was kept con-
taing orders on the treasurer printed In blank 70
be nlled up signed by the president, and attested
by the secretary and issued the lawful Occasions
OF the association might require. That the former
president Of the association, Vim. Clabsugh, Inn
providently and In disregard OF his duty signed
without any order OF the board OF directors large
numbers OF said orders In advance OF any require
ment for their use In the business OF the asocia-
tion and allowed them TO remain In the Possession
OF said secretary, ana that these were wropgfully
and fraudulently nlied up over the said signature
by the said King for the amounts he desired and
upon them said MONEYS were obtained from The
treasurer.
The complainant charges that the finance CON-
mfttee Jailed TO Investigate properly the accounts
but nevertheless mace reports 10 the association,
certifying that they had made examinations OF
said accounts and 'f0und them correct"
That said Officers were paid officials, and n their
duty to the association had been properly per-
formed II would not have been within the power OF
said King to have obtained said moneys; ana that
said ofncers should be held responsible for the
same.
1he assets OF the concern are stated to consist
OF cash $500, sundry amounts due from members
who have retired with W hom erroneous settlements
were mace, the cl inns above referred 10, and
amounts due from certain members VINO have re-
ceived advances and claims against the former
treasurer for amounts paid by HIM without proper
authority.
The entire amount due TO stockholders who have
not received advances Is stated 10 be g. 343si, In
justly due the complainant and for which he re-
ceived In November 8, 1885, orders on the treas
urer, but which, account OF the condition OF the
associations Affairs, have been refused payment